Is Westfield a takeover target?

Women’s fashion retailer Noni B was valued at more than $150m seven years ago. Yet today the founding Kindl family has accepted an offer from investment manager Alceon for just $16m. When a family that's been involved in an industry for decades sells out at that kind of price it’s not just because the company is going through a rough patch. It tells you the game has changed. Retail has always been extremely competitive, but the Internet, high Aussie dollar and increased competition mean bricks and mortar retailers that don't adapt will fall like flies. Internet retailers offer a wider...

Women’s fashion retailer Noni B was valued at more than $150m seven years ago. Yet today the founding Kindl family has accepted an offer from investment manager Alceon for just $16m.

When a family that's been involved in an industry for decades sells out at that kind of price it’s not just because the company is going through a rough patch. It tells you the game has changed.

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